The Board of Directors of African Development Bank (AfDB) has approved $1.5 million grant to support the implementation of Jigawa State “One Giga Watt (GW) Independent Power Producer (IPP) Solar Procurement Programme’’. The continental development finance institution stated that the approval was a demonstration of its commitment to helping Nigeria develop her renewable energy and […]
Tag: Dr. Akinwumi Adesina
African Development Bank Governors Caution On Rising Population
The African Development Bank (AfDB) and its East and North African Governors today restated the need for urgent measures by African governments to match the continent’s growing population and youth unemployment. The Governors, who likened the rising population to a “ticking time bomb”, at their two-day consultation held in Abidjan, Cote d’Ivoire, however, described the […]
Adesina Urges America To Support African Agriculture As Business
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has canvassed the need for American and global investors to help unlock Africa’s agriculture potential. A news report circulated by Africa Press Organisation (APO) indicated that the AfDB President made the call as the Distinguished Guest Speaker on the theme ‘The Roots of Prosperity’ […]
Nigeria Ranks Lowest In Africa’s Industrial GDP Rating
Indications that Nigeria’s economy remained structurally defective still have emerged with the latest report by the African Development Bank (AfDB) which rated the country’s Industrial Gross Domestic Product (GDP) lowest in Africa.
AfDB To Increase Nigeria’s Loan By $2bn In 2019
The President of the African Development Bank, Dr. Akinwumi Adesina, has said that the bank plans to increase its loans to Nigeria by more than $2 billion next year.
Nigeria Wants AfDB’s Regional Office Located In Abuja
The Federal Government on Thursday demanded for the hosting of the West Africa Regional Office of the African Development Bank in the Federal Capital Territory, Abuja.
African Nations Need AfDB’s Support To Mobilise Resources – Adeosun
The Minister of Finance, Mrs. Kemi Adeosun, has advocated the need for a strong and well capitalized African Development Bank (AfDB).
Sustainable Energy: AfDB Approves US$20M Support to Evolution Fund II
The Board of Directors of the African Development Bank on December 15 approved an investment of US $20 million in support to the Evolution II Fund
AfDB Boosts Africa Infrastructure Fund With $100m Loan
African Development Bank (AfDB) has approved US $100 million to the Emerging Africa Infrastructure Fund (EAIF), a Public Private Partnership (PPP) company, to support ongoing projects